Sumitomo Mitsui Trust Group Inc. Has $66.32 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sumitomo Mitsui Trust Group Inc. raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,768,029 shares of the company’s stock after acquiring an additional 73,198 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.54% of Host Hotels & Resorts worth $66,317,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its position in Host Hotels & Resorts by 645.5% during the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock valued at $1,331,000 after purchasing an additional 55,775 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Host Hotels & Resorts by 4.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock worth $39,037,000 after buying an additional 84,687 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Host Hotels & Resorts by 9.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock valued at $13,344,000 after buying an additional 55,654 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Host Hotels & Resorts by 23.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock valued at $4,224,000 after buying an additional 39,340 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Host Hotels & Resorts by 854.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock worth $5,750,000 after acquiring an additional 286,281 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

HST has been the topic of a number of recent research reports. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Evercore ISI lowered their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Stifel Nicolaus reduced their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Oppenheimer cut their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Finally, Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.29.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $17.46 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55. The firm has a market capitalization of $12.21 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The company’s 50-day moving average is $17.69 and its 200 day moving average is $17.73.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. Host Hotels & Resorts’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Research analysts forecast that Host Hotels & Resorts, Inc. will post 1.96 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.58%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.